It's true what you say, but AYE hasn't been over 6 cents for some time. It depends what the longer forecast is if the merger were to go ahead. If the merged company can be in production in 18 months, i imagine the company could be worth several dollars. It would be a high grade, very low cost producer. Many similarites to Medusa in Philippines which is now a very low cost producer in a similar environment with a market cap of around 900 million dollars.
AYE Price at posting:
5.5¢ Sentiment: Hold Disclosure: Held
